Governance and reporting

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The world is demanding greater corporate transparency. Investors want access to more accurate and relevant information about companies, transactions, markets and risks. Regulators are moving to exert more control.

Against this background of legislative and regulatory change, we believe that global coordination is a necessity, not a luxury. Regulators and standard-setters need to continue to work together, to promote global consistency.

EY has extensive financial reporting and corporate governance knowledge and experience, gained across all markets and geographies. We use this to support you in areas such as pensions, financial instruments, direct and indirect taxes, foreign currency, subsidiaries, joint ventures, provisions, disposals and impairment.

Board effectiveness – continuing the journey

The report is based on a series of individual meetings and roundtables which brought together leading chairmen, board directors and senior investors to debate the issue of board effectiveness. It draws on the contributions from these discussions and is supplemented by insights and perspectives from EY and The Investment Association.

Whistleblowing – change is coming

The PCBS has published recommendations for enhancing corporate transparency, governance and integrity. Firms should consider their whistleblowing framework’s effectiveness, and whether their culture encourages employees to raise concerns.

News worth knowing October 2014

Read the latest Corporate Governance update(496K), including biennial growth in the UK Corporate Governance Code, closure on the going concern debate, and revisions made to the Code on executive remuneration provisions.

The report is based on a series of individual meetings and roundtables which brought together leading chairmen, board directors and senior investors to debate the issue of board effectiveness. It draws on the contributions from these discussions and is supplemented by insights and perspectives from EY and The Investment Association.

The FRC’s September 2014 revision to the UK Corporate Governance Code is creating discussion, particularly the changes relating to risk management, internal control effectiveness and the viability statement. To help companies understand these, we ran a webcast attended by over 300 finance leaders, and conducted live opinion polls to gain an understanding of participant views. Here’re some highlights.

A thoughtful response to the 2014 Corporate Governance Code’s new viability statement requirements could bring opportunities, including enhanced business resilience, a lower cost of capital, better understanding of risk appetite, and the potential for improved financial performance.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.